https://www.taxtmi.com/caselaws?id=785888 Addition under section 56(2)(vii)(b) premised on stamp duty value required adjudication after a valuation officer report; once the Assessing Officer made a statutory reference under section 142A the valuation so determined must be considered, and the period taken to obtain that report is excluded from limitation under Explanation 1(iv) to section 153. The Valuation Officer must send his report to the AO and the assessee, and completing assessment on limitation grounds without awaiting the DVO report is improper. ITAT set aside the appellate and assessment orders on this issue and restored the matter for fresh adjudication pending valuation. en-us Fri, 30 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 08:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785888 Addition under section 56(2)(vii)(b) premised on stamp duty value required adjudication after a valuation officer report; once the Assessing Officer made a statutory reference under section 142A the valuation so determined must be considered, and the period taken to obtain that report is excluded from limitation under Explanation 1(iv) to section 153. The Valuation Officer must send his report to the AO and the assessee, and completing assessment on limitation grounds without awaiting the DVO report is improper. ITAT set aside the appellate and assessment orders on this issue and restored the matter for fresh adjudication pending valuation. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785888